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Sorry kids, crash got canceled.
....and Liesman will spin this as the inventory increase shows the confidence of the manufacturers....
hE T-Durd, DS-K is getting out: prosecutors doubt credibility of chambermaid who is involved in drugtrafficing and money laundering...
DS-K may be free as of tomorrow!
where's ZH on this? he was all over the arrest but has gone strangely silent on these developments - we need a WB7 reprise
'Gone silent'? What are you talking about theres an article up on it.
No, he's not free, prosecution not dropping charges, and does not get his passport back.
Why is Geithner leaving?
He achieved the impossible.
650 Dow points in a week while the CRB Index is collapsing.
Maybe they are going to hire Brian Sack to replace him?
-850 next week, just the start of no QE POMO puke bucket and plastic tarp cold turkey for your bubble equities. Bonds are hurtin bad, stocks will be sacrificed. Youll get knee capped big time on this one roboclown.
Of course that wont matter in your case, youll just report that you called it, and positioned properly for it using the rear view mirrors attached to your monitor.
robo has a better trading record than the squid. lulz
He spoke on CNBC, I heard him denying that rumor BS,
he's not leaving anywhere anytime soon.
So much for doomsters :) Markets are flying.. Sold
some naked puts on my silver stock at the bottom..
Hopefully Silver will run higher from here.
Interesting point about the CRB collapsing.
Makes me think about not the collapse of the CRB in 2008, but the timing---it began to plunge in July.....just a couple of months before equities tanked.
Here's my take: what's being hinted at in the report and what's clear to me from the new orders/inventory divergence and even the absolute order level is this: there's a whole lotta fluff from artificial stimulus goosing the index in the absence of real demand. We know that's true in the auto sector for sure. And I suspect it's true across the board.
Monetary stimulus gooses the general confidence level, both on the manufacturing and demand side although with very little bang for the buck on the demand side thus creating an inventory imbalance. But wait, there's more. There was the mystery fiscal stimulus package which has been doled out to the manufacturing sector.
So we have a perfectly biflationary set up: artificial demand and confidence in the setting of declining demand, reinforced by rising prices. And that sets up the monetary end game: more stimulus (QE3) will only raise prices, weaken demand and create an even more precarious imbalance
Someone should tell The Squid that the Algos and Interns left in charge of the trading desks across the Street were set on auto-pilot into the holiday weekend. They only understand: BUY. We should be thanking them for these higher prices to sell into. Go ahead Johnny 5, breach 2834 today.. I dare ya.
SPY up 5% this week. 70% of the 8 week loss wiped out in 5 days. Who says stocks fall faster than they rise? This might be the most stunning rally i've ever seen considering the market already ran 100% in 2 years and hardly declined during this correction. I was betting on 10% - 18% correction and it barely even went down 8% with the absolute worst news flow imaginable.
And this is why when it does collapse (whenever that is), the damage will be of epic proportions. I do strongly believe we'll eventually see new lows...no idea when...but history has already taught us this. No new eras when it comes to the market.
Few of my option spreads were taking down by this
superior move. Retail investor will start sucking in ones
DOW cross 15000 :)))
Does anyone else see the H&S on the 6 month?
Momo, why don't you give Petey credit when you steal from him? LOL
s@p up 5% this week. 70% of 8 week lose wiped out in 5 days. who says stks fall faster than they rise?peteybear - Fri, Jul 1, 2011 - 11:33 AM
Petey is my buddy from Destin, he knows I love to shove his one-liners onto ZH.
He can't do it himself because he can't spell.....LOL
amazing how quick the contract 1099 processor responds when caught in a lie, just as he did when i caught him lying about being a big shot in a bank rolling big loans etc .... still, he doubled down when i caught him lying and responded with tales of corner offices, 4 monitor work stations and the like.
The cornered rat is both viscious and crafty.
Price discovery in a managed economy is now policy driven and therefore completely opaque.
Those in the know benefit. Those who don't know but watch those in the know benefit. Those who know nothing might even still benefit in the rising tide lifts all boats category. They just benefit less, but if you look over the last ten years your benefit has been that you were not completely wiped out and are back to where you were in effect.
Strange days and while risk comes off, it is merely biding its time.
When do we feed this Goldman report into the algos? Next week? Until then, let the drunken BBQs in the Hamptons and high-end hookers tethered to their PigMen start to party. Go USA!
Is anyone getting the same feeling that I have that not only are the BLS numbers bogus but that any other significant issuer of economic statistics is part of the same propaganda team?
Also, what I not understand about this? Maybe missing something. If bank forced to raise reserve requirements, how they do it? Isn't easiest way to coordinate all 30 banks buy stock to raise money? If I Obama and want market to go up, need to make banks buy stock, how else?
do you want the good news first, or the bad news first?
unhhh...i think i'd like to hear the bad stuff, first, t.y.
ok, slewie, the bad the news is that the good economic news doesn't matter...
...the good news is that the markets think that the bad news doesn't matter...
Once again the market is just a proxy for the survival of the TBTF. That's it.
And that includes the primary business they are: making profits pumping and dumping stocks.
So news of Greek bailouts supports TBTF banks and their interconnected brethren on both sides of the Atlantic. So does news that GOP has agreed in principle to raise the US debt ceiling. And the full expectation of QE3. The economy does not matter.
Exiting transitory soft patch boo-yatches!
Disclosure: Long burritos, yogawear, plastic shoes and single-serve coffee
Come on! BTFD! in NFLX before its too late. you too can pay 8 federal reserve notes a month for movies you don't even want to watch. Get in quick. Good is bad, bad is good. Grab the bag before its too late. S&P to the moon Alice.
If anything, an increase in inventories is a negative for future activity.
Unless, of course, we are secretly migrating to a "warehouse economy."
And...cut to GM.
The Institute for Supply Management (ISM) rises unexpectedly in June,
The Institute for Supply Management (ISM) rises unexpectedly in June,
So nobody in US of A expects the recovery anymore? You are really depressive, you need more Bunga Bungaaaaaaaaa !
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Since DOW/SP500 is now EXTREMELY overbought, the reaction next week should result in a significant retracement.
S&P500 daily charts show updated rising wedge and possible head and shoulders pattern with target of 1,150 when confirmed.
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